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BumRushDaShow

(162,062 posts)
Thu Oct 27, 2022, 08:43 PM Oct 2022

Top Twitter executives fired as Elon Musk takeover begins

Last edited Thu Oct 27, 2022, 09:41 PM - Edit history (1)

Source: Washington Post

SAN FRANCISCO — Elon Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company closed, marking a new era for one of the world’s most influential social media platforms.

As one of his first moves, he fired several top Twitter executives, according to three people familiar with the matter who spoke on the condition of anonymity to discuss sensitive matters. One of those confirmed the deal had closed.

CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all fired, according to the people. Sean Edgett, the company’s general counsel, was also pushed out, one of the people said. The top executives were hastily shuttled from the building, the people said.

Musk’s moves late Thursday signal his intentions to put his stamp firmly one of the world’s most influential social media companies. Musk has publicly criticized Twitter’s outgoing management over product decisions and content moderation, as well as saying he would restore former president Donald Trump‘s account.

Read more: https://www.washingtonpost.com/technology/2022/10/27/twitter-elon-musk/



No paywall

Article updated.

Previous versions -

SAN FRANCISCO -- Elon Musk became Twitter's owner late Thursday as his $44 billion deal to take over the company closed. As one of his first moves, he fired several top Twitter executives, according to three people familiar with the matter who spoke on the condition of anonymity to discuss sensitive matters. One of those confirmed the deal had closed.

CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all fired, according to the people. Sean Edgett , the company's general counsel, was also pushed out, one of the people said. The top executives were hastily shuttled from the building, the people said.

Musk's moves late Thursday signal his intentions to put his stamp firmly one of the world's most influential social media companies. Musk has publicly criticized Twitter's outgoing management over product decisions and content moderation.

The closure of the deal capped a months-long roller coaster saga in which the billionaire -- the world's richest man -- conducted a hostile takeover to buy the company at an inflated price, only to renege on the deal and then enter into a bitter legal battle with the social network.

[link:https://archive.ph/8UsWVNo paywall]



SAN FRANCISCO -- Elon Musk took control of Twitter late Thursday as his $44 billion deal to takeover the company closed. As one of his first moves, he fired several top Twitter executives, according to three people familiar with the matter who spoke on the condition of anonymity to discuss sensitive matters. One of those confirmed the deal had closed.

CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all fired, according to the people. Sean Edgett , the company's general counsel, was also pushed out, one of the people said.

Musk's moves late Thursday signals his intentions to put his stamp firmly one of the world's most influential social media companies. Musk has publicly criticized Twitter's outgoing management over product decisions and content moderation.

The closure of the deal capped a months-long roller coaster saga in which the billionaire -- the world's richest man -- conducted a hostile takeover to buy the company at an inflated price, only to renege on the deal and then enter into a bitter legal battle with the social network.

[link:https://archive.ph/tn1e0No paywall]



Original article -

SAN FRANCISCO -- Elon Musk took control of Twitter Thursday as his $44 billion deal to takeover the company closed.

As one of his first moves, he fired several top Twitter executives, according to three people familiar with the matter who spoke on the condition of anonymity to discuss sensitive matters. One of those confirmed the deal had closed.

CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all fired, according to the people.

The three top Twitter executives were hastily shuttled from the building, the people said. The deal closing caps a months-long roller coaster saga.



This story is breaking and will be updated.
75 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Top Twitter executives fired as Elon Musk takeover begins (Original Post) BumRushDaShow Oct 2022 OP
TWITTERS STOCK WILL CRASH reymega life Oct 2022 #1
No it won't. He is taking the company private. JohnSJ Oct 2022 #4
no such thing as twitter stock anymore moonshinegnomie Oct 2022 #6
I advised my very elderly father to buy Twitter stock DemocraticPatriot Oct 2022 #52
He took it private Rebl2 Oct 2022 #64
Oh good,... tRUMPie will soon be back spreading his bile once again. magicarpet Oct 2022 #2
EM has a bile issue PlutosHeart Oct 2022 #54
Here's to 44 Billion turning into 4 Billion in short order. bullimiami Oct 2022 #3
I hope that they end up being glad they were fired Sanity Claws Oct 2022 #5
Likely so Rebl2 Oct 2022 #8
When executives get "fired" Hieronymus Phact Oct 2022 #16
I would have resigned if not fired. Gore1FL Oct 2022 #28
200 millions catsudon Oct 2022 #70
What a shock he fired top Rebl2 Oct 2022 #7
Pretty typical during corporate takeovers, mergers, and acquisitions. DetroitLegalBeagle Oct 2022 #11
I should have Rebl2 Oct 2022 #13
just type :sarcasm: Qutzupalotl Oct 2022 #33
oh, the sarcasm thingy can come in handy orleans Oct 2022 #35
What stock? Shrek Oct 2022 #30
Understand that there Rebl2 Oct 2022 #31
CEO , CFO and Head of Legal Policy Trust and Safety fired ? dweller Oct 2022 #9
That cartoon is absolute perfection groundloop Oct 2022 #17
I'm guessing by tomorrow morning Bettie Oct 2022 #34
And Alex Jones The Grand Illuminist Oct 2022 #36
how much longer before the orange pumpkin will show up. AllaN01Bear Oct 2022 #10
Elliminating witnesses to future crimes sanatanadharma Oct 2022 #12
Hoping techie Dems will immediately launch a new platform. SheltieLover Oct 2022 #14
And, Backed by Lost of $$$$ who love Cha Oct 2022 #18
Maybe check out Ananda62 Oct 2022 #39
👍 Joinfortmill Oct 2022 #49
Twitter, we ha'dly knew ye Montauk6 Oct 2022 #15
Raaaaaats mahina Oct 2022 #19
Oh but big tech...oh yeah purr-rat beauty Oct 2022 #20
We're they fired via a tweet, a la FF45? Blue Owl Oct 2022 #21
Twitter headed to the shitter Yo_Mama_Been_Loggin Oct 2022 #22
This is not unusual for these big time deals and those guys probably made a ton of money on the deal Renew Deal Oct 2022 #23
Just removed Twitter from all our devices. Jon King Oct 2022 #24
Are DUers going to stop posting tweets on here? IronLionZion Oct 2022 #25
Or maybe ask BumRushDaShow Oct 2022 #29
Seems unlikely. Twitter will continue to have a huge user base that will keep people tied to it XorXor Oct 2022 #68
So...what should they call the new platform Grokenstein Oct 2022 #26
We can only hope Rebl2 Oct 2022 #32
Timing couldn't be much worse. Shit, shit, shit. Musk is just ugh! Joinfortmill Oct 2022 #27
they won't Skittles Oct 2022 #57
lol stonecutter357 Oct 2022 #37
Great news, really it is! PurgedVoter Oct 2022 #38
Musk will still win even if he lets Trump back on Twitter and it tanks it because then Musk will cstanleytech Oct 2022 #44
Pray tell how writing off business losses Disaffected Oct 2022 #48
Elon Musk has said he is buying Twitter to "try to help humanity". Linda Ed Oct 2022 #40
Any one remember what happened to MySpace after dobleremolque Oct 2022 #41
Media use and heavily rely on twitter...My Space?? LeftInTX Oct 2022 #43
Rich doesn't mean capable Roy Rolling Oct 2022 #42
Um, not so .... ificandream Oct 2022 #65
Taking what little OldkySoul Oct 2022 #45
The timing is perfect Picaro Oct 2022 #46
And so the MySpace-ification of Twitter begins. JHB Oct 2022 #47
The comparison is crazy LeftInTX Oct 2022 #50
So the "new and improved" Twitterverse is D.O.A. Musk has no clue at all how to actually improve it. Ford_Prefect Oct 2022 #51
He's only "imrpoving it" to please right wing fascists. Initech Oct 2022 #53
I suspect it will be total R-wing PlutosHeart Oct 2022 #55
Shall we set up a head of lettuce and see who lasts longer? IronLionZion Oct 2022 #60
I don't post on Twitter vlyons Oct 2022 #56
One more sign of the apocalypse. AngryOldDem Oct 2022 #58
Machiavellian The Wizard Oct 2022 #59
Maybe he will hire the orange idiot to run it. LiberalFighter Oct 2022 #61
No Democrat should ever buy a Tesla or any other product related to this power obsessed madman. honest.abe Oct 2022 #62
He says Rebl2 Oct 2022 #63
Musk needs to be jailed. clementine613 Oct 2022 #66
"Jailed"? Charged with breaking what law exactly? nt EX500rider Oct 2022 #74
'Golden parachutes' for 3 fired Twitter executives worth $122 million dalton99a Oct 2022 #67
Jack Dorsey and Bluesky CuzCaroline Oct 2022 #69
Blue sky is not an alternative to twitter! See: "the Musk - Dorsey connection" SheltieLover Oct 2022 #73
if Twitter llashram Oct 2022 #75
Saturday Night News: Musk fired the company's entire senior staff "for cause," an attempt to avoid mahatmakanejeeves Oct 2022 #71
I expect the lawsuits to be flying now... BumRushDaShow Oct 2022 #72
 

DemocraticPatriot

(5,410 posts)
52. I advised my very elderly father to buy Twitter stock
Fri Oct 28, 2022, 12:38 AM
Oct 2022

when Trump was elected, but he didn't listen.

I suspected the price would go up, as it did, but nothing lasts forever....

PlutosHeart

(1,445 posts)
54. EM has a bile issue
Fri Oct 28, 2022, 02:04 AM
Oct 2022

Surprised he did not haul in a toilet instead of the sink.
Oh wait! He thinks he is Duchamp. As if.

Hieronymus Phact

(682 posts)
16. When executives get "fired"
Thu Oct 27, 2022, 09:12 PM
Oct 2022

It's a very different deal than when the proles get fired. Think severance packages in the $millions.

Gore1FL

(22,647 posts)
28. I would have resigned if not fired.
Thu Oct 27, 2022, 10:02 PM
Oct 2022

Fired is cool, because they have to pay unemployment.

Rebl2

(17,114 posts)
7. What a shock he fired top
Thu Oct 27, 2022, 08:53 PM
Oct 2022

executives. He’s like tfg, he thinks he can do it all. I hope the stock tanks.

DetroitLegalBeagle

(2,442 posts)
11. Pretty typical during corporate takeovers, mergers, and acquisitions.
Thu Oct 27, 2022, 09:04 PM
Oct 2022

The C-suite of the company being absorbed rarely survive long.

orleans

(36,491 posts)
35. oh, the sarcasm thingy can come in handy
Thu Oct 27, 2022, 10:39 PM
Oct 2022

so all you do is, while writing something like i'm doing now, click the "smilies" box between your reply title and this message text.

a ton of emojis pop up, go to the last one and next to it is a little box with ... (three dots). click that little box.

a second page of emojis pop up and sarcasm is the first one.


there are a number of other good ones on that second page.

and if you don't like that sarcasm emoji you can borrow this:



(download it to your computer, go to postimages.org, upload it, then click on the little copied box at the direct link, then past that direct link here

Rebl2

(17,114 posts)
31. Understand that there
Thu Oct 27, 2022, 10:25 PM
Oct 2022

is no stock. Took it private. At least that’s what someone else said.

dweller

(27,397 posts)
9. CEO , CFO and Head of Legal Policy Trust and Safety fired ?
Thu Oct 27, 2022, 08:58 PM
Oct 2022

Next up is name change … from TWITTER to SHITTER for that’s where it’s headed





✌🏻

groundloop

(13,381 posts)
17. That cartoon is absolute perfection
Thu Oct 27, 2022, 09:16 PM
Oct 2022

I predict 45* will be spreading his vile lies again within a week.

sanatanadharma

(4,074 posts)
12. Elliminating witnesses to future crimes
Thu Oct 27, 2022, 09:04 PM
Oct 2022

Removing obstacles to the king's desires
... chief financial officer ... head of legal policy, trust, and safety ... the company’s general counsel ...

Pushed-out, dismissed, fired, eliminated, downsized, removed, resigned

SheltieLover

(74,609 posts)
14. Hoping techie Dems will immediately launch a new platform.
Thu Oct 27, 2022, 09:08 PM
Oct 2022

🤞🤞🤞🤞🤞🤞🤞🤞🤞



Ananda62

(316 posts)
39. Maybe check out
Thu Oct 27, 2022, 10:54 PM
Oct 2022

Tribel? I just left Twitter and signed up (it’s free and it has an app). You can personalize your feed and select Democratic Party under politics.

Renew Deal

(84,539 posts)
23. This is not unusual for these big time deals and those guys probably made a ton of money on the deal
Thu Oct 27, 2022, 09:53 PM
Oct 2022

BumRushDaShow

(162,062 posts)
29. Or maybe ask
Thu Oct 27, 2022, 10:03 PM
Oct 2022

will DU drop it's own account?




DemUnderground
@demunderground
·
Follow
Abortion rights, mansplained https://democraticunderground.com/1017774039 #RepublicansAreTheProblem #AbortionRightsAreHumanRights
Image
5:51 PM · Oct 10, 2022

XorXor

(690 posts)
68. Seems unlikely. Twitter will continue to have a huge user base that will keep people tied to it
Sat Oct 29, 2022, 02:48 AM
Oct 2022

Unless he does something to really mess it up, I highly doubt Twitter will be going away anytime soon. Even if Trump goes back, people love confrontation and arguing. Twitter feeds people what they want.

At some point reality is going hit Musk and he's going to have actually think about what he has got into, and figure out what can be done realistically and what cannot be done. I bet he tweaks some things, but overall not much changes

Grokenstein

(6,181 posts)
26. So...what should they call the new platform
Thu Oct 27, 2022, 09:57 PM
Oct 2022

...that will replace Musk's Twitter as it curls up and dies?

Joinfortmill

(19,269 posts)
27. Timing couldn't be much worse. Shit, shit, shit. Musk is just ugh!
Thu Oct 27, 2022, 09:58 PM
Oct 2022

Deleted my Twitter Account. Hope millions do also.

PurgedVoter

(2,617 posts)
38. Great news, really it is!
Thu Oct 27, 2022, 10:52 PM
Oct 2022

Now TFG, because he cannot help himself, will make sure he cannot claim the 5th. He will blab and blab on anything that comes up. Now he can start dripping caustic venom on all of his followers and make it pretty damn clear to everyone with a mind, that he, all by himself, is a terrorist organization.

Elon's stock in Twitter, without the pyramid investment that built it, will not be a profit center like it was. And if we stop posting Tweets, then it goes the way of all RW Websites. The feedback loop will make it more and more violent, deceitful and inaccurate. Without moderation, the Sewer will overflow.

Meanwhile, the booted executives, will have a golden opportunity to make a new and better version of Twitter, without previous baggage. If they are smart and careful, they can turn nothing into billions and be able to pick and choose from the old list of employees as they run from Twitter.

cstanleytech

(27,997 posts)
44. Musk will still win even if he lets Trump back on Twitter and it tanks it because then Musk will
Thu Oct 27, 2022, 11:21 PM
Oct 2022

simply right it off on his taxes as a businesses loss.

Linda Ed

(516 posts)
40. Elon Musk has said he is buying Twitter to "try to help humanity".
Thu Oct 27, 2022, 10:56 PM
Oct 2022

Twitter generated $4.5 billion from advertising and $570 million from data licensing. While Twitter generated $5 billion in total revenues, it lost 221 million. In April 2022

I would imagine that if Trump is put back on twitter people will leave since he puts most of his energy to violence and lies..JMHO

dobleremolque

(1,074 posts)
41. Any one remember what happened to MySpace after
Thu Oct 27, 2022, 10:57 PM
Oct 2022

Rupert Murdoch bought it? What are the odds that the same thing will happen to Twitter under Musk?

LeftInTX

(34,006 posts)
43. Media use and heavily rely on twitter...My Space??
Thu Oct 27, 2022, 11:18 PM
Oct 2022

My kid had a My Space. It contained mostly pictures.
I don't think one media outlet relied on My Space to share breaking news.

Roy Rolling

(7,330 posts)
42. Rich doesn't mean capable
Thu Oct 27, 2022, 11:14 PM
Oct 2022

What does this rich moron know about media? Nada. Zilch.

The Beatles, arguably the best music group of all time, produced dreadful movies. They aren’t filmmakers.

Musk ain’t no entertainer—he’s an infomercial.

ificandream

(11,478 posts)
65. Um, not so ....
Fri Oct 28, 2022, 01:06 PM
Oct 2022

"A Hard Day's Night" and "Yellow Submarine," two of The Beatles' films, are considered by critics today as outstanding.

Roger Ebert on "A Hard Day's Night":

"It was clear from the outset that "A Hard Day's Night" was in a different category from the rock musicals that had starred Elvis and his imitators. It was smart, it was irreverent, it didn't take itself seriously, and it was shot and edited by Richard Lester in an electrifying black-and-white, semi-documentary style that seemed to follow the boys during a day in their lives. And it was charged with the personalities of the Beatles, whose one-liners dismissed the very process of stardom they were undergoing."


And on "Yellow Submarine":

"The result, like "Fantasia," is a music-based animated film for the ages. The songs sound dramatically better, and the story avoids the usual gee-whiz urgency of so much animation and reflects the same deadpan understatement that the Beatles used in "A Hard Day's Night." Perhaps because the Beatles were considered such a draw, perhaps because the songs were counted on to sell the film, there was no agenda to dumb down the material or hard-sell the story. Instead of contrived urgency, there's unpressured whimsy, and the movie exists as pure charm, expressed in fantastical imagery. And then there are the songs."


Just sayin'. As George says in "A Hard Day's Night," ...


OldkySoul

(38 posts)
45. Taking what little
Thu Oct 27, 2022, 11:31 PM
Oct 2022

play tfg's failing platform was getting and handing it to little rocket boy will sink it as well....two birds with one stone I hope.

Picaro

(2,243 posts)
46. The timing is perfect
Thu Oct 27, 2022, 11:40 PM
Oct 2022

Musk is going to allow Trump to return to Twitter and everyone will get a fresh reminder of his vileness and insanity. Just in case some have forgotten. Just in time for the midterms.

It will be a blaring advertisement of what will happen if the Republicans are returned to power.

The chaos, hatred, violent authoritarian fantasies, and the sheer simple meanness will be shoved into the minds and souls of the American people right before they make their final decision.

I hope it is enough.


LeftInTX

(34,006 posts)
50. The comparison is crazy
Fri Oct 28, 2022, 12:29 AM
Oct 2022

No..not at all

I'm not a twitter fan, but twitter is essential for media. My Space? My kid had a My Space page.
Who in the media broke news over My Space??????

Also using twitter to chronicle your life the way My Space did just doesn't make sense....

Ford_Prefect

(8,457 posts)
51. So the "new and improved" Twitterverse is D.O.A. Musk has no clue at all how to actually improve it.
Fri Oct 28, 2022, 12:35 AM
Oct 2022

I doubt it will last 2 weeks.

Initech

(106,618 posts)
53. He's only "imrpoving it" to please right wing fascists.
Fri Oct 28, 2022, 01:57 AM
Oct 2022

The last thing on earth we need is more right wing bullshit. We need less of it. Way less.

PlutosHeart

(1,445 posts)
55. I suspect it will be total R-wing
Fri Oct 28, 2022, 02:09 AM
Oct 2022

organizing tool.
Twitter has been a great tool for the left to get information out and action. Now when it shuts us out it will difficult to find a place with as much impact to communicate.
Something needs to replace it. Sadly it cannot happen soon enough.

vlyons

(10,252 posts)
56. I don't post on Twitter
Fri Oct 28, 2022, 02:50 AM
Oct 2022

I set up an account when it first started. I read twitter posts here on DU, but I may stop even doing that going forward. If Trump is allowed on Twitter, then it is just another pariah to me like Fox News, which I NEVER watch.

AngryOldDem

(14,180 posts)
58. One more sign of the apocalypse.
Fri Oct 28, 2022, 05:07 AM
Oct 2022

Next Supreme Court rulung — it’s ok to yell fire in a crowded theater because…free speech. This is what Musk’s takeover says to me.

This is not good news. I saw most social media as a blight before this; this confirms it.

 

honest.abe

(9,238 posts)
62. No Democrat should ever buy a Tesla or any other product related to this power obsessed madman.
Fri Oct 28, 2022, 09:09 AM
Oct 2022

This is very disturbing news.

CuzCaroline

(2 posts)
69. Jack Dorsey and Bluesky
Sat Oct 29, 2022, 05:57 PM
Oct 2022

Many reports that Jack Dorsey is beta testing a new social app called Bluesky....possibly as a refuge for those seeking to leave Twitter. Reports say it will be a decentralized social app. Not sure what that means tho. Will be interesting to see if it competes with Twitter for users.

https://people.com/human-interest/jack-dorsey-beta-testing-new-social-app-elon-musks-twitter-takeover/

SheltieLover

(74,609 posts)
73. Blue sky is not an alternative to twitter! See: "the Musk - Dorsey connection"
Sun Oct 30, 2022, 10:58 AM
Oct 2022
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=17300732

Snip

Q: Jack Dorsey is launching “Bluesky,” a new social network to compete with Twitter. I’ll just join that instead!

A: Sorry to disappoint, but Dorsey played a key role in Musk’s deal to take Twitter private. The two are good friends. And Bluesky is an initiative launched by Twitter. In April, Dorsey wrote, “In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”

Ty, DUer, BootinUp for sharing the above!

llashram

(6,269 posts)
75. if Twitter
Mon Oct 31, 2022, 11:15 AM
Oct 2022

can make it like it has pre-musk, why can't there be a better one created by our tech-savvy people?

mahatmakanejeeves

(67,157 posts)
71. Saturday Night News: Musk fired the company's entire senior staff "for cause," an attempt to avoid
Sun Oct 30, 2022, 08:27 AM
Oct 2022
BelovedAnonymousHat Retweeted

Saturday Night News: Musk fired the company’s entire senior staff “for cause,” an attempt to avoid paying out tens of millions of dollars in severance packages to the former CEO, CFO, GC and head of legal

https://nytimes.com/2022/10/29/technology/twitter-layoffs-musk-jobs.html


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